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According to the latest statistics from Stratistics MRC, the global pesticide adjuvant market was valued at US$2.
98 billion in 2016.
The market value is expected to grow at a compound annual growth rate of 5.
9%, reaching US$4.
21 billion by 2022
.
This increase is mainly attributable to the popularization of precision agriculture and facility agriculture, the pressure to increase production caused by the increase in the cost of agrochemical products, and the increase in demand for plant protection products
.
In addition, the development of agriculture in countries such as India and Russia will also promote the development of the adjuvant market
.
The increase in people's environmental awareness and concerns about whether pesticides affect human health will hinder the development of the adjuvant industry to a certain extent
.
From the perspective of the types of pesticides, herbicides account for the largest share in the pesticide market.
Limited arable land, increased demand for food crops, and popularization of modern agricultural methods such as intensive agriculture have all promoted its development, and the herbicide adjuvant market has also followed Increase
.
In addition, the increase in the amount of natural surfactants is also one of the reasons for the increase in the adjuvant market
.
From a geographical perspective, additives account for the largest share of the North American market.
This is due to the high penetration rate of high-tech in this region, high farm efficiency and low operating costs
.
The advanced agricultural technology in the United States and Canada also provides great convenience for the additives manufacturers to expand their territory
.
Due to the gradual increase in the acceptance of precision agriculture, the demand for agricultural production in the Asia-Pacific region is increasing, and it is expected to become the fastest growing region for the development of additives
.
At present, mainstream manufacturers in the additives market include Dow Chemical, Huntsman, Wilbur-Ellis Holdings, Inc.
, Croda International PLC, Helena Chemical, Brandt Consolidated, Inc.
, Nufarm, Solvay, Evonik, Akzo Nobel, Momentive Performance Materials Inc.
, Lamberti, Loveland, Clariant, Monument chemical, Adjuvant Plus Inc, Garrco Products Inc.
, Winfield Solutions, Llc, TANATEX chemical, and Interagro (Uk) Ltd
.
98 billion in 2016.
The market value is expected to grow at a compound annual growth rate of 5.
9%, reaching US$4.
21 billion by 2022
.
This increase is mainly attributable to the popularization of precision agriculture and facility agriculture, the pressure to increase production caused by the increase in the cost of agrochemical products, and the increase in demand for plant protection products
.
In addition, the development of agriculture in countries such as India and Russia will also promote the development of the adjuvant market
.
The increase in people's environmental awareness and concerns about whether pesticides affect human health will hinder the development of the adjuvant industry to a certain extent
.
From the perspective of the types of pesticides, herbicides account for the largest share in the pesticide market.
Limited arable land, increased demand for food crops, and popularization of modern agricultural methods such as intensive agriculture have all promoted its development, and the herbicide adjuvant market has also followed Increase
.
In addition, the increase in the amount of natural surfactants is also one of the reasons for the increase in the adjuvant market
.
From a geographical perspective, additives account for the largest share of the North American market.
This is due to the high penetration rate of high-tech in this region, high farm efficiency and low operating costs
.
The advanced agricultural technology in the United States and Canada also provides great convenience for the additives manufacturers to expand their territory
.
Due to the gradual increase in the acceptance of precision agriculture, the demand for agricultural production in the Asia-Pacific region is increasing, and it is expected to become the fastest growing region for the development of additives
.
At present, mainstream manufacturers in the additives market include Dow Chemical, Huntsman, Wilbur-Ellis Holdings, Inc.
, Croda International PLC, Helena Chemical, Brandt Consolidated, Inc.
, Nufarm, Solvay, Evonik, Akzo Nobel, Momentive Performance Materials Inc.
, Lamberti, Loveland, Clariant, Monument chemical, Adjuvant Plus Inc, Garrco Products Inc.
, Winfield Solutions, Llc, TANATEX chemical, and Interagro (Uk) Ltd
.
